Electroputere Craiova

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Patru; Sud-Vest Oltenia; Dolj
Location of affected unit(s)
Craiova
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
350 jobs
Number of planned job losses
Job loss
Announcement Date
5 October 2010
Employment effect (start)
1 October 2010
Foreseen end date

Description

Electroputere Craiova, manufacturer of electric motors, generators and transformers, announced their intention to dismiss 350 employees starting from 1 October 2010. The job losses are blamed on lack of market demand and financial debts amounting to 30 million euros. At the end of 2009, the company employed 1,975 employees in Craiova.

Sources

  • 6 October 2010: Economistul

Citation

Eurofound (2010), Electroputere Craiova, Internal restructuring in Romania, factsheet number 71096, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71096.